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Water Fund Summary <br />The following table depicts the 2015 financial activity for the Water Fund for the fiscal period ending <br />June 30, 2015 (unaudited). <br />Revenues <br />Charges for services <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Water operations <br />Total Expenditures <br />2015 2015 % % <br />Bud�et Actual Actual ExpeCt• Diff. <br />$ 8,875,650 $ 2,123,880 23.9% 27.9% -4.0% <br />- - n/a n/a n/a <br />1,000 - 0.0% 3.3% -3.3% <br />$ 8,876,650 $ 2,123,880 23.9% 27.9% -4.0% <br />8,876,650 2,353,599 26.5% 32.2% -5.7% <br />$ 8,876,650 $ 2,353,599 26.5% 32.2% -5.7% <br />Comments: <br />Water Fund revenues and expenditures are near expected levels. <br />The Water Fund is currently in poor financial condition with no cash reserves; although the Fund's <br />overall financial condition has been improving in recent years. An internal loan has been made from <br />the Storm Sewer Fund to the Water Fund to cover prior period operating losses. Future rate increases <br />will be needed to repay the internal loan and to offset projected increases in operational and capital <br />replacement costs. <br />Page 10 of 13 <br />